Live Nation Apparently Willing To Throw Lots Of Cash Jay-Z’s Way
The New York Times is reporting that Jay-Z and Live Nation are on the verge of agreeing to a $150 million deal that will cover his recordings and tours for the next 10 years, as well as financing for his own venture, which will allegedly be called the Carter Music Group. Once the deal is finalized, Jay will become Live Nation’s most highly paid artist, a title that is currently held by Madonna, whose deal with the concert conglomerate comes in at a now-measly-looking $120 million. Earlier rumors claimed that Jay was looking for at least $100 million for the Carter Music Group, with naysayers saying that his pocketing that much money was a impossiblity because “it isn’t the ’90s anymore.” Anyone want to check the calendars in Live Nation’s offices? [NYT / Photo: AP]
